Creative ideas for younger Australians to invest in property
It won’t come as a huge surprise to learn that Australian homes are among the most expensive in the world. In a recent survey every Australian town and suburb was rated as ‘seriously’ or ‘severely’ unaffordable. And if you’re in a capital city it’s even worse, with the average Sydney home costing nine times average household income.
So it can be tough to put together a deposit, especially when you’re starting out. It’s a far cry from back in your parents’ day, when it seemed to be easier to achieve the great Australian dream of owning a home.
But while it’s easy to focus on the downside, there are some reasons to be cheerful.